Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) Short Interest Update

Fidelity MSCI Utilities Index ETF (NYSEARCA:FUTY) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totaling 1,522,365 shares, a growth of 2,012.8% from the August 31st total of 72,055 shares. Approximately 3.7% of the company’s stock are short sold. Based on an average trading volume of 495,485 shares, the days-to-cover ratio is currently 3.1 days.

Fidelity MSCI Utilities Index ETF Price Performance

NYSEARCA:FUTY opened at $51.17 on Friday. Fidelity MSCI Utilities Index ETF has a 1-year low of $50.67 and a 1-year high of $61.51. The company has a 50-day moving average of $55.78 and a 200 day moving average of $57.64. The firm has a market cap of $2.11 billion, a PE ratio of 20.34 and a beta of 0.58.

Institutional Investors Weigh In On Fidelity MSCI Utilities Index ETF

Several hedge funds have recently modified their holdings of FUTY. Bank of America Corp DE increased its holdings in Fidelity MSCI Utilities Index ETF by 0.9% during the first quarter. Bank of America Corp DE now owns 9,170,828 shares of the company’s stock valued at $541,721,000 after buying an additional 77,710 shares during the period. Kestra Advisory Services LLC lifted its holdings in Fidelity MSCI Utilities Index ETF by 13.7% during the first quarter. Kestra Advisory Services LLC now owns 552,635 shares of the company’s stock worth $32,644,000 after buying an additional 66,524 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Fidelity MSCI Utilities Index ETF by 21.2% during the second quarter. Envestnet Asset Management Inc. now owns 419,958 shares of the company’s stock worth $24,534,000 after buying an additional 73,449 shares during the period. Cetera Investment Advisers boosted its position in Fidelity MSCI Utilities Index ETF by 29.9% during the 1st quarter. Cetera Investment Advisers now owns 250,627 shares of the company’s stock valued at $14,805,000 after acquiring an additional 57,657 shares in the last quarter. Finally, Apollon Wealth Management LLC boosted its position in Fidelity MSCI Utilities Index ETF by 8.2% during the 1st quarter. Apollon Wealth Management LLC now owns 141,953 shares of the company’s stock valued at $8,385,000 after acquiring an additional 10,770 shares in the last quarter.

About Fidelity MSCI Utilities Index ETF

The Fidelity MSCI Utilities Index ETF (FUTY) is an exchange-traded fund that is based on the MSCI USA IMI Utilities 25\u002F50 index. The fund tracks the MSCI US IMI Utilities 25\u002F50 Index, a market-cap-weighted index of stocks in the US utilities sector. FUTY was launched on Oct 21, 2013 and is managed by Fidelity.